New wreck removal contracts will have quantitative risk assessment component: BIMCO

Fairness, transparency and cooperation are the main drivers in a collaborative project by the International Salvage Union and the P&I Clubs to work with the independent shipowners’, charterers’ shipbrokers’ and agents’ association Baltic and International Maritime Council (BIMCO) to update industry-standard wreck removal agreements, BIMCO has said. BIMCO said that the initiative to update the…

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https://insurancemarinenews.com/insurance-marine-news/new-wreck-removal-contracts-will-have-quantitative-risk-assessment-component-bimco/

MAIB says Joanna C was “inherently vulnerable” to capsize that killed two

In its investigation into the capsize and sinking of the fishing vessel Joanna C (BM 265) with the loss of two lives, 5nm south of Newhaven, England on November 21st 2020, the Marine Accident Investigation Branch (MAIB) concluded that the Joanna C capsized because of insufficient stability to...

https://insurancemarinenews.com/insurance-marine-news/maib-says-joanna-c-was-inherently-vulnerable-to-capsize-that-killed-two/

Open aft deck hatches probably led to sinking of 71-year-old towing vessel, says NTSB

Towing vessel Proassist III was transiting the Caribbean Sea on December 24th 2020, some three miles off the coast, near Puerto Yabucoa, Puerto Rico, when its stern compartments began flooding. The three crewmembers aboard attempted to pump out the water but were unsuccessful and subsequently...

https://insurancemarinenews.com/insurance-marine-news/open-aft-deck-hatches-probably-led-to-sinking-of-71-year-old-towing-vessel-says-ntsb/

Company operating tow of Jumbo Kingdom dismisses “foul play” rumours

A senior official of the company which operated the tugboat escorting the Jumbo Kingdom floating restaurant out of Hong Kong to an unspecified destination has insisted that the capsizing/sinking of the vessel was “an accident without any foul play involved” Yoon Ju-dong rejected claims that the...

https://insurancemarinenews.com/insurance-marine-news/company-operating-tow-of-jumbo-kingdom-dismisses-foul-play-rumours/

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